Treatment of Installment Payments. Each payment of termination benefits under section 1.B, including, without limitation, each installment Separation Payment, shall be considered a separate payment, as described in Treasury Regulations section 1.409A-2(b)(2), for purposes of section 409A of the Code.
Appears in 5 contracts
Samples: Employment Termination Benefits Agreement (Zix Corp), Employment Termination Benefits Agreement (Zix Corp), Employment Termination Benefits Agreement (Zix Corp)
